Encore Energy Announces Filing of Annual Information Form and Updated Technical Report
ENCORE ENERGY ANNOUNCES FILING OF ANNUAL INFORMATION
FORM AND UPDATED TECHNICAL REPORT
TSX.V: EU
OTCQB:ENCUF
March
1,
2022
www.encoreuranium.com
CORPUS CHRISTI, Texas
,
March 1, 2022
/CNW/ -
enCore Energy Corp.
("
enCore
" or the "
Company
") (TSXV: EU) (OTCQB: ENCUF) is pleased
to announce that it has filed its Annual Information Form for the year ended
December 31
, 2020. The Annual Information Form can be accessed
under the Company's SEDAR profile at
www.sedar.com
and on the Company's website at
www.encoreuranium.com
.
The Company has also filed a Technical Report prepared pursuant to National Instrument 43-101 –
Standards of Disclosure for Mineral Projects
("
NI
43-101
") in connection with its
Crownpoint
and Hosta Butte uranium project located in northwestern
New Mexico
. The Technical Report can be
accessed under the Company's SEDAR profile at
www.sedar.com
and on the Company's website at
www.encoreuranium.com
.
The Technical Report discloses an Indicated Resource of 10.96 million tons at a grade of 0.117% U
3
O
8
for 25.7 Million pounds of U
3
O
8,
and an
Inferred Resource of 2.98 million tons at a grade of 0.107% U
3
O
8
for an additional 6.4 Million pounds of U
3
O
8
, both at a 0.02% grade cutoff and GT
cutoff of 0.25%. This report updates a previous technical report completed in 2012 to conform to current NI 43-101 standards. The previous
technical report disclosed an Indicated Resource of 12.68 million tons at a grade of 0.105% U
3
O
8
for 26.6 Million pounds of U
3
O
8
and an estimated
Inferred Resource of 2.76 million tons at a grade of 0.110% U
3
O
8
for an additional 6.1 Million pounds of U
3
O
8
, both at 0.02% grade cutoff and a
significantly lower GT cutoff of 0.10%. The new resource figure is not considered to be a material change given the higher cutoff grade utilized.
The Technical Report was prepared by BRS, Inc. ("
BRS
") with the principal author being Douglas L. Beahm, P.E., P.G., who is a Principal
Engineer/Geologist and a consultant of BRS, and is independent of the Company. He is a Qualified Person for the purposes of NI 43-101. The
independent co-authors of the Technical Report are Carl Warren, P.E., P.G., and Joshua Stewart, P.E., P.G., they are both employees of BRS and
they are both Qualified Persons for the purposes of NI 43-101.
Paul Goranson
, Engineer, is also a co-author of the Technical Report and is not
independent of the Company. He is a Qualified Person for the purposes of NI 43-101.
About enCore Energy Corp.
With approximately 90 Million pounds of U
3
O
8
estimated in the Measured and Indicated Resource categories, and 9 Million pounds of U
3
O
8
estimated in the Inferred Resource category
1
, enCore is the most diversified in-situ recovery uranium development company in
the United States
.
enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. The
South Dakota
-based
Dewey Burdock
project and the Wyoming Gas Hills project offer mid-term production opportunities with significant
New Mexico
uranium resource endowments providing long term opportunities. The enCore team is led by industry experts with extensive knowledge and
experience in all aspects of ISR uranium operations and the nuclear fuel cycle. For more information, visit
www.encoreuranium.com
.
Dr.
Douglas H. Underhill
, CPG, the Company's Chief Geologist, and a Qualified Person under NI 43- 101, has approved the technical disclosure in
this news release.
1
Mineral resource estimates are based on technical reports prepared pursuant toNI43-101 and available on SEDAR as well as the company website
at
www.encoreuranium.com
.
Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE
enCore Energy Corp.
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%SEDAR: 00029787E
For further information:
enCore Energy Corp., William M. Sheriff, Executive Chairman, 972-333-2214, [email protected];
www.encoreuranium.com
CO: enCore Energy Corp.
CNW 20:55e 01-MAR-22